Earnings Alerts

China Longyuan Power (916) Earnings: 1H Net Income Reaches 3.99B Yuan with Strong Revenue Growth and Wind Power Output

  • Longyuan Power’s net income for the first half of 2024 is 3.99 billion yuan.
  • The company’s revenue reached 18.88 billion yuan for the same period.
  • Wind power output was 31.58 million megawatt-hours (MWh).
  • Consolidated installed capacity of coal power stands at 4.91 million megawatts (MW).
  • Analyst ratings: 25 buys, 3 holds, and 1 sell.

China Longyuan Power on Smartkarma

Analysts on Smartkarma are positive about China Longyuan Power, with Travis Lundy‘s recent report, “A/H Premium Tracker”, highlighting a bullish sentiment. Lundy notes that SOUTHBOUND activity was strong, led by SOEs, Tencent, and Xiaomi, while NORTHBOUND saw net inflows despite some down days. The report suggests that AH Premia may decline in the coming weeks, painting a positive outlook for the company.

Additionally, Osbert Tang, CFA, sees potential for a significant upside in China Longyuan Power. In his report “China Longyuan (916 HK): Mean Reversion“, Tang identifies three catalysts for potential growth: increased power generation, improved cash flow, and a recovering wind power market. With a valuation mean reversion on the cards, the stock could see a 60% upside, bolstered by its current discount and modest PER. Analyst coverage on Smartkarma indicates a favorable outlook for China Longyuan Power among independent analysts.


A look at China Longyuan Power Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts are optimistic about the long-term outlook for China Longyuan Power Group Corp Ltd, a company that designs, develops, manages, and operates wind farms, selling the electricity they generate. According to Smartkarma Smart Scores, the company scores high in Value, Dividend, and Momentum, indicating strong performance in these areas. With a high score in Growth as well, China Longyuan Power shows potential for future expansion and development within the renewable energy sector.

However, the company’s lower score in Resilience raises some concerns about its ability to weather potential challenges. Investors interested in China Longyuan Power should consider its overall positive outlook, driven by solid fundamentals such as value, dividend yield, growth prospects, and strong momentum in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars